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End of GST compensation to jolt six states most, says RBI

Last updated: 20 January 2023


The economies of half-a-dozen states are set to be most severely affected because of the termination of the goods and services tax compensation programme in June last year, a Reserve Bank of India report on state finances said. The share of GST compensation had exceeded 10% of the tax revenue for
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


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